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Cable Update (GBPUSD)

  • #181,961
  • Nov 10, 2009 2:30am Nov 10, 2009 2:30am
[quote=Fx1618;3220709]
I think the Bulls is preparing to bow its head towards the Bear. And this time its not to pick a fight, but to give in...
  • #181,962
  • Nov 10, 2009 2:32am Nov 10, 2009 2:32am
Quoting Islander
GM - I see that I missed an interesting move -130 pips in 9 mins....hope the longs had hard stops....for those that havent seen the news, here it is...

0552 GMT [Dow Jones] GBP falls sharply; Hiroshi Maeba, senior dealer at Nomura Securities says players reacting to Reuters report that Fitch's co-head of global sovereign ratings David Riley said U.K. most at risk of losing its AAA status among major economies. Large impact on GBP/USD as remark came out of blue, trading volume so far in day thin. GBP declines also pushing down other crosses such...
Sorry didn't see your post.....
But who here understood importance of this news..... They even don't know what Fitch is.....and they believe they are traders.....with their 1$ analysis.....
Non licet omnibus adire Corinthum
  • #181,963
  • Nov 10, 2009 2:34am Nov 10, 2009 2:34am
Quoting Turveyd
We are merely trying to make the analysis make sense, anaylsis where people are shorting all the way up a 1000pip up move due to a bearish bias isn't good anaylsis.

Sorry, we are not the bad guys here we are trying to help!!
Bro i am not married to my position target is still same bro

well GAP filled lets see where it goes from here
1.6260 is still in the cards end of the week

Take care..
Don't compare your Trades with Others
  • #181,964
  • Nov 10, 2009 2:36am Nov 10, 2009 2:36am
Quoting Turveyd
f you where in and short then thats more luck in this case than anything else.
Yep - exactly my thoughts
  • #181,965
  • Nov 10, 2009 2:38am Nov 10, 2009 2:38am
Nice use of grammer Java. Had to look the word up as I'd never heard it before.... means people of the Northern Hemisphere - Europe. Educate the masses that what I say
  • #181,966
  • Nov 10, 2009 2:43am Nov 10, 2009 2:43am
Quoting Chumbawunga
Nice use of grammer Java. Had to look the word up as I'd never heard it before.... means people of the Northern Hemisphere - Europe. Educate the masses that what I say
Maybe not only with vocabulary.....
Non licet omnibus adire Corinthum
  • #181,967
  • Nov 10, 2009 2:45am Nov 10, 2009 2:45am
Quoting Turveyd
Lifes easy when you react rather than predict!!
and thats why I'm Short
  • #181,968
  • Nov 10, 2009 2:53am Nov 10, 2009 2:53am
This is the typical LDN sell off only to begin buying on the upward trend that is clear.. I may be wrong... However, let the charts speak for them self.

Plenty of short action. I will still be looking for longs. At a better rate.
Just MY thought.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #181,969
  • Nov 10, 2009 2:58am Nov 10, 2009 2:58am
GU looks a mess in terms of intra day trading at the min for me. So far I've stayed out, thankfully. No idea which way it's going atm.
  • #181,970
  • Nov 10, 2009 2:59am Nov 10, 2009 2:59am
Hey DBFX,

Glad to have you posting, however I have to make a comment on your prior post of letting a trade go 500 pips Negative. If you are live and can afford to do that so be it. That is being married to a position in my eyes.

You are smart. If you see the potential for a 900 pip upswing, why not save yourself the trouble and get a better entry as Turved suggests on the One or 5>

Read BBmacs posts- He is always straight business.

EDIT: any position after winning or losing enough becomes a winner, it's picking the calls and adding to your trading equity that matters, with the least amount of risk to gain the MAXXXXX profit.

Quoting DubaiFX
Bro i am not married to my position target is still same bro

well GAP filled lets see where it goes from here
1.6260 is still in the cards end of the week

Take care..
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #181,971
  • Nov 10, 2009 3:01am Nov 10, 2009 3:01am
BIG LONG bear candle havent penetrate this hole yet on euro
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  • #181,972
  • Nov 10, 2009 3:02am Nov 10, 2009 3:02am
could stay in the channel and go up from here, or drop further.
Break of 1.6590 is needed for furthe decline.
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  • #181,973
  • Nov 10, 2009 3:05am Nov 10, 2009 3:05am
Quoting Chumbawunga
Nice use of grammer Java. Had to look the word up as I'd never heard it before.... means people of the Northern Hemisphere - Europe. Educate the masses that what I say
Then there is antipodean for us who live here in Oz
  • #181,974
  • Nov 10, 2009 3:05am Nov 10, 2009 3:05am
We have STILL YET TO CROSS UNDER PRIOR DAILY LOWS on Cable.

Be very wary of shorts. GOLD has now sustained a 100 $ USD gain as well as 1100 level, NO not 1000 - 1100 THAT IS HUGE.
and other currencies breakout...... THIS SAYS EVERYTHING about the USD.
IT IS C A B L E = GBP / USD REMEMBER

DOW THRU the ROOF today......
USD NEG
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #181,975
  • Nov 10, 2009 3:07am Nov 10, 2009 3:07am
This cross controls traffic on Cable. EG is in a classic (highly reliable) cup and handle pattern. Cable looks thoroughly cactus (for many weeks to come). Could be a very long wait to trade GU long in an up trend again, save for the occasional retracements.
Attached Image
  • #181,976
  • Nov 10, 2009 3:07am Nov 10, 2009 3:07am
I think we should wait a bit before we sell or buy.
  • #181,977
  • Nov 10, 2009 3:15am Nov 10, 2009 3:15am
Quoting Jade Gate
This cross controls traffic on Cable. EG is in a classic (highly reliable) cup and handle pattern. Cable looks thoroughly cactus (for many weeks to come). Could be a very long wait to trade GU long in an up trend again, save for the occasional retracements.
Cup and a handle pattern is a rare pattern occurs in GU. so far for my experience. so, i dont rely on that kind of pattern too much..
  • #181,978
  • Nov 10, 2009 3:33am Nov 10, 2009 3:33am
Quoting janela
Then there is antipodean for us who live here in Oz
Feel I'm back at school - its great
  • #181,979
  • Nov 10, 2009 3:35am Nov 10, 2009 3:35am
UK trade minister saying the AAA rating is "absolutely safe" ...
  • #181,980
  • Nov 10, 2009 3:35am Nov 10, 2009 3:35am
Quoting tundeakins
I think we should wait a bit before we sell or buy.
Agreed unless you like to throw the dice and make your choice on that basis
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